Acumen, Q&M’s 51%-owned subsidiary, has been awarded a tender by the Health Promotion Board (HPB) for the provision of Covid-19 swab and testing services.
Acumen, which took part in an open tender exercise on March 1, is one of six successful awardees of the tender.
SEE:Q&M Dental Group sees 10% growth in FY20 earnings to $19.7 mil; group revenue surpasses pre-Covid-19 levels
It will be a panel service provider of the HPB in respect of the Covid-19 swab and testing services.
“The group is proud that Acumen has been given an opportunity to contribute to Singapore's continued efforts in battling the ongoing Covid-19 pandemic,” says Q&M in a May 18 statement.
Shares in Q&M closed 1.5 cents higher or 2.3% up at 67 cents on May 18.
